The quick lube industry remains in high demand despite a global pandemic and the resulting recession.
Why? Because we’re Americans, we love our cars, and we just can’t sit still.
Getting an oil change is the most common service for car owners. With more than 230 million licensed drivers in the U.S., there are many advantages to investing in vs. starting a business in this $8 billion industry.
Here are the top five benefits of owning a quick lube franchise—plus features offered by Strickland Brothers 10 Minute Oil Change.
What Are the Top 5 Benefits of Running a Quick Lube Franchise?
You’ll be interested in owning a quick lube franchise if these five factors sound appealing to you: simplistic industry, streamlined processes, recession-resilience, recurring revenue, and ongoing support.
In a traditional auto repair shop, you must amp up your recruiting efforts to find the right people to hire who can do the job. There’s more training involved with this type of business because technicians need to know diagnostic procedures and equipment. A quick lube franchise requires a much simpler skill set for its labor force.
Perhaps the biggest challenge the industry faces right now is finding, training, and retaining sufficient personnel. After all, most young people don’t have much interest in cars these days and aren’t likely to wake up in the morning hoping to get a job at a quick-lube shop.
At Strickland Brothers, we can hire, train and retain top-notch employees who want to grow within the company through our proprietary education platform. Strickland Brothers University makes it easy to attract individuals from a broad applicant pool with no experience necessary.
When you purchase a quick lube franchise, you are investing in a business model that has made other entrepreneurs successful. You don’t have to start from scratch and find out what works (and doesn’t work) the hard way. A strategy for success has already been laid out for you. One of the most difficult aspects of this industry is inventory. In most competitor models, the Franchise Owner is solely responsible for counting, ordering and stocking inventory.
One of Strickland Brothers’ best features is our inclusive inventory model. Our vendors order products through demographic reports and even stock them on the shelf on behalf of each Owner. You don’t deal with expensive master packs, dead stock, tied-up capital, or inventory headaches. This means stronger profit margins.
Consumers consider car maintenance an essential service to prevent costly problems down the road. Millions of drivers in the U.S. still have to get from point A to point B—whether the economy is up or down. To keep moving, those motorists must have somewhere to go to get oil changes. That makes the quick lube industry recession-resilient.
Our signature 10-minute oil change is quick, convenient, and hassle free. We always include checking and topping off under hood fluids. Our drive-thru setup allows our technicians to guide a client into a bay so they can stay in their car and see the job done correctly right before their eyes in 10 minutes or less. There’s no appointment necessary.
When you’re starting a business, it’s important to understand the worth you’re building beyond your current income statement. If your model is done correctly, you’re going to have repeat business with a quick lube franchise. It’s not a one-and-done type of service; it’s recurring maintenance that lasts the lifetime of the vehicle.
Customers come back to Strickland Brothers not only for maintenance but also for convenience, fair pricing, and quality service. We help our Franchise Owners attract and keep their clientele through our full-service marketing program. There are very few, if any, other automotive franchise companies that offer this type of support.
Because we handle marketing for every Franchise Owner from our corporate office, they can focus on other aspects of running their business. All they have to do is make sure there’s money in the bank to pay for ads, accept coupons when they’re brought into the store, and reap the benefits of a loyal customer base. That’s it!
With a quick lube franchise, you enjoy the benefit of brand awareness. Instead of trying to build a reputation, you already have the name of a company that customers know and trust. As a franchisor, that company should also support you in areas such as setup, marketing, inventory, partnerships, and overall guidance.
Having built over 20+ locations corporately, Strickland Brothers understands the ins and outs of the entire site selection and construction process, so we’ve partnered with a couple of preferred vendors to oversee this process to find the best locations possible while keeping costs low.
As one of our Franchise Owners, you’ll be assigned a dedicated Franchise Business Consultant (FBC) who will be your primary point of contact to assist with training, benchmarking KPIs, and more. Your FBC will visit your location at least once per quarter to assist with on-going support, training and compliance.
Top 5 Benefits of Owning a Quick Lube Franchise
Now you know the top five perks you’ll get out of running a quick lube operation.
The benefits of a franchise include a simplistic industry, streamlined processes, recession-resilience, recurring revenue, and a support system.
If you have more questions about owning a Strickland Brothers 10 Minute Oil Change, check out our free eBook that explains everything you need to know about running a quick lube franchise.
If you’re ready to take the next steps of becoming a Strickland Brothers Franchise Owner, fill out this form and one of our development directors will be in touch!